Latest Radius Payment Solutions News
May 27, 2021
27 May 2021 North West Deals Matthew Ord Crewe-headquartered Radius Payment Solutions, a provider of B2B transport and communications services, has acquired a California-based counterpart. Modus is an insuretech business working with a host of insurers and technology companies. Radius chief executive Bill Holmes hailed the team for building a "fantastic technology platform over the last ten years", adding that its app-only tracking service is "the best we have ever seen in terms of accuracy and ease of deployment". "This move not only strengthens our North American tracking business but gives us some exciting new products to sell across our global footprint," he added. Modus chief executive Brandon Johnson said: "Becoming a part of the Radius business will give Modus reach and access to customers on a global scale that we have never had before. "We are also confident that Radius Telematics' wide range of solutions will have a huge impact on the North America market." Stephens Inc. acted as exclusive financial adviser to Radius, while a team from EY's Manchester office, led by Steven Kingham, provided financial and taxation due diligence.